The York Capital Management Global Advisors LLC Buys New Position in LinkedIn Corp (LNKD)

The York Capital Management Global Advisors LLC Buys New Position in LinkedIn Corp (LNKD)

York Capital Management Global Advisors LLC acquired a new stake in shares of LinkedIn Corp (NYSE:LNKD) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,164,602 shares of the social networking company’s stock, valued at approximately $222,579,000. LinkedIn Corp comprises approximately 7.0% of York Capital Management Global Advisors LLC’s holdings, making the stock its 3rd largest position.

Other large investors have also recently bought and sold shares of the company. Shinko Asset Management Co. Ltd. increased its stake in shares of LinkedIn Corp by 3,467.7% in the second quarter. Shinko Asset Management Co. Ltd. now owns 11,060 shares of the social networking company’s stock valued at $2,093,000 after buying an additional 10,750 shares during the period. Oakbrook Investments LLC bought a new stake in shares of LinkedIn Corp during the second quarter valued at $227,000. Shell Asset Management Co. increased its stake in shares of LinkedIn Corp by 61.2% in the second quarter. Shell Asset Management Co. now owns 9,382 shares of the social networking company’s stock valued at $1,776,000 after buying an additional 3,561 shares during the period. HL Financial Services LLC bought a new stake in shares of LinkedIn Corp during the second quarter valued at $501,000. Finally, Kassirer Asset Management Corp bought a new stake in shares of LinkedIn Corp during the second quarter valued at $7,570,000. Hedge funds and other institutional investors own 63.98% of the company’s stock.

LinkedIn Corp (NYSE:LNKD) opened at 195.96 on Friday. The firm’s 50 day moving average price is $195.80 and its 200-day moving average price is $192.42. LinkedIn Corp has a 52 week low of $98.25 and a 52 week high of $208.89.

LinkedIn Corp (NYSE:LNKD) last announced its earnings results on Thursday, October 27th. The social networking company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.27. LinkedIn Corp had a negative net margin of 4.56% and a positive return on equity of 1.77%. The company had revenue of $960 million for the quarter, compared to the consensus estimate of $955.55 million. During the same period in the previous year, the business earned $0.78 EPS. The company’s revenue was up 23.1% on a year-over-year basis. Equities research analysts forecast that LinkedIn Corp will post $4.20 earnings per share for the current fiscal year.

LNKD has been the topic of several recent research reports. restated a “buy” rating on shares of LinkedIn Corp in a report on Friday, September 23rd. Zacks Investment Research downgraded LinkedIn Corp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 5th. Argus restated a “hold” rating on shares of LinkedIn Corp in a report on Tuesday, November 8th. Cantor Fitzgerald reiterated a “hold” rating and issued a $220.00 price objective on shares of LinkedIn Corp in a report on Monday, October 31st. Finally, RBC Capital Markets reiterated a “hold” rating and issued a $196.00 price objective on shares of LinkedIn Corp in a report on Friday, October 28th. Four equities research analysts have rated the stock with a sell rating, thirty-three have issued a hold rating and five have assigned a buy rating to the company. LinkedIn Corp presently has an average rating of “Hold” and an average price target of $187.30.

In related news, CEO Jeff Weiner sold 6,886 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $193.35, for a total value of $1,331,408.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Patricia L. Wadors sold 1,065 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $191.00, for a total transaction of $203,415.00. Following the completion of the sale, the senior vice president now owns 44,010 shares of the company’s stock, valued at $8,405,910. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,138 shares of company stock worth $3,504,352. Company insiders own 12.72% of the company’s stock.

LinkedIn Corp Company Profile

LinkedIn Corporation (LinkedIn) is a professional network on the Internet with approximately 400 million members in over 200 countries and territories. The Company provides the majority of its products at no cost to its members. It offers approximately three product lines: Talent Solutions, which includes Hiring, and Learning and Development; Marketing Solutions and Premium Subscriptions.

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